Economic growth – Page 8 – THE OVAL CIRCLE

Chinese economy continues to roar with 10% growth forecast next year

Posted on December 11, 2020December 11, 2020By Editor

Chinese gross domestic product (GDP) will get a substantial boost next year due to a rebound in consumption and services, accelerating income growth and fiscal stimulus, international economic research firm Capital Economics says. … Read More >Chinese economy continues to roar with 10% growth forecast next year

China’s forex reserves hit 4-year high on booming trade & strong yuan

Posted on December 8, 2020December 8, 2020By Editor

China boosted its foreign exchange reserves, the world’s largest, by over $50 billion in one month. The holdings rose to the highest in more than four years to reach $3.178 trillion in November. … Read More >China’s forex reserves hit 4-year high on booming trade & strong yuan

China to overtake US as world’s largest consumer market ‘very soon’

Posted on December 2, 2020December 2, 2020By Editor

China’s consumer goods market is rapidly catching up with the US and is poised to become the world’s largest in the near future, according to a top Chinese economic planning agency official. … Read More >China to overtake US as world’s largest consumer market ‘very soon’

Chinese private corporate giants rocket in value despite Covid-19 pandemic

Posted on November 29, 2020November 29, 2020By Editor

The coronavirus pandemic that is raging across the planet has not stopped China’s biggest privately run corporations from soaring in value, the Hurun Research Institute reports. … Read More >Chinese private corporate giants rocket in value despite Covid-19 pandemic

Russia working on MASSIVE oil project to boost country’s position in Arctic

Posted on November 28, 2020By Editor

Russia’s energy giant Rosneft is developing a multibillion-dollar Vostok Oil project which is expected to bolster the country’s presence in the Arctic region and to boost the economy. … Read More >Russia working on MASSIVE oil project to boost country’s position in Arctic

Chinese President Xi commends BRICS nations for joint development of Covid-19 vaccines to restore economies

Posted on November 17, 2020November 17, 2020By Editor

Brazilian, Chinese and Russian firms are carrying out pivotal phases of clinical trials of coronavirus vaccines, Chinese President Xi Jinping said at the 12th annual BRICS Summit on Tuesday. … Read More >Chinese President Xi commends BRICS nations for joint development of Covid-19 vaccines to restore economies

BRICS nations working together to bring trade bloc’s economies back to sustainable growth after Covid crisis – Putin

Posted on November 17, 2020November 17, 2020By Editor

BRICS member states have taken emergency steps in order to support national industries, finance and welfare in response to the global coronavirus pandemic, Russian President Vladimir Putin said on Tuesday. … Read More >BRICS nations working together to bring trade bloc’s economies back to sustainable growth after Covid crisis – Putin

China’s factory activity at near-decade high as pandemic fallout fades

Posted on November 3, 2020November 3, 2020By Editor

Activity in China’s manufacturing sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged. A private business survey showed on Monday the economy is quickly recovering from the Covid crisis. … Read More >China’s factory activity at near-decade high as pandemic fallout fades

China’s industrial profits continue to rise as economy recovers from Covid-19

Posted on October 28, 2020October 28, 2020By Editor

Major Chinese industrial firms saw their profits surge for the fifth straight month, National Bureau of Statistics (NBS) data shows, as the world’s second largest economy continues to recover from the coronavirus crisis. … Read More >China’s industrial profits continue to rise as economy recovers from Covid-19

China’s economic rebound strengthens amid global struggle with Covid-19 crisis

Posted on October 20, 2020October 20, 2020By Editor

The world’s second-largest economy accelerated its recovery in the third quarter, growing 4.9 percent from a year ago, according to new data from China’s National Bureau of Statistics (NBS). … Read More >China’s economic rebound strengthens amid global struggle with Covid-19 crisis